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Nonprofiteer
← MADISON ALEXANDER COOPER AND MARTHA ROANE COOPER FOUNDATION

Form 990 for tax year 2024

Filed by MADISON ALEXANDER COOPER AND MARTHA ROANE COOPER FOUNDATION.

Totals

Total revenue
$12,992,344
Total expenses
$2,964,276
Contributions and grants received
$69,407
Grants paid
$2,106,251
Program service revenue
$0
Investment income
$12,908,917
Other revenue
$14,020
Total assets, end of year
$102,640,611
Total liabilities, end of year
$171,198
Net assets or fund balances, end of year
$102,469,413
Program services expenses (Part IX)
$2,455,740
Management and general expenses
$508,536
Fundraising expenses
$0
Program service expenses (Part III)
$2,455,740

Program services were 82.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $69,407

  • 3 · Investment income

    total $1,878,393 · excluded $1,878,393

  • 5 · Royalties

    total $2,319 · excluded $2,319

  • 6a · Gross rents

    real property $14,192

  • 6b · Less rental expenses

    real property $2,491

  • 6c · Rental income or loss

    real property $11,701

  • 6d · Net rental income or loss

    total $11,701 · excluded $11,701

  • 7a · Gross sales of assets other than inventory

    securities $24,865,795

  • 7b · Less cost or other basis and sales expenses

    securities $13,835,271

  • 7c · Gain or loss

    securities $11,030,524

  • 7d · Net gain or loss

    total $11,030,524 · excluded $11,030,524

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,106,251 · program services $2,106,251

  • 7 · Other salaries and wages

    total $295,272 · program services $221,454 · management and general $73,818

  • 10 · Payroll taxes

    total $24,217 · program services $18,163 · management and general $6,054

  • 11c · Fees: accounting

    total $41,256 · management and general $41,256

  • 11f · Fees: investment management

    total $260,385 · management and general $260,385

  • 13 · Office expenses

    total $952 · management and general $952

  • 14 · Information technology

    total $32,727 · program services $24,545 · management and general $8,182

  • 16 · Occupancy

    total $18,827 · management and general $18,827

  • 17 · Travel

    total $23,662 · program services $23,662

  • 23 · Insurance

    total $67,462 · management and general $67,462

  • 24a · Other expenses: OTHER COMMUNITY SUPPORT

    total $40,237 · program services $40,237

  • 24b · Other expenses: REAL ESTATE TAX ON MINE

    total $26,165 · management and general $26,165

  • 24c · Other expenses: UTILITIES

    total $12,555 · program services $9,416 · management and general $3,139

  • 24d · Other expenses: ADMINISTRATIVE EXPENSES

    total $9,184 · program services $6,888 · management and general $2,296

  • 24e · All other expenses

    total $5,124 · program services $5,124

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $7,516,082 · end of year $7,192,691

  • 10a · Land, buildings and equipment: cost or other basis

    $1,084,754

  • 10b · Land, buildings and equipment: accumulated depreciation

    $758,440

  • 10c · Land, buildings and equipment, net

    beginning of year $280,579 · end of year $326,314

  • 11 · Investments: publicly traded securities

    beginning of year $91,449,717 · end of year $94,788,023

  • 15 · Other assets

    beginning of year $227,924 · end of year $333,583

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,155 · end of year $1,378

  • 18 · Grants payable

    beginning of year $700,030 · end of year $169,820

  • 28 · Net assets with donor restrictions

    beginning of year $98,768,117 · end of year $102,469,413

Mission and programs · 2024

Mission

TO MAKE WACO, TX A BETTER OR MORE DESIRABLE CITY IN WHICH TO LIVE, WHICH IS ACCOMPLISHED BY GIVING GRANTS TO LOCAL NONPROFIT ORGANIZATIONS.

Activities or mission (Part I)

GRANT MAKING TO NON PROFIT ORGANIZATIONS

  • ONE OF THE FOUR FOCUS AREAS OF THE MADISON ALEXANDER COOPER AND MARTHA ROANE COOPERFOUNDATION IS COMMUNITY BUILDING AND SOCIAL SERVICES IN THE WACO AREA. DURING THE FISCALYEAR, GRANTS WERE MADE FOR THE FOLLOWING PURPOSES: PROVIDE IMMIGRATION LEGAL SERVICES, FIRE PREVENTION EDUCATION & FINANCIAL ASSISTANCE TO FAMILIES WITH HOME FIRES, REPLACE FIREFIGHTING PERSONAL PROTECTIVE EQUIPMENT, YARD SIGNS TO PROMOTE SAFE, HEALTHY COMMUNITIES, NEW FLOORING AT COMPASSION WACO, EXPAND GIRL SCOUT PROGRAMMING, SUPPORT COMMUNITY DEVELOPMENT WORK, EXPAND REINTEGRATION PROGRAM, SUPPORT ABSORPTION OF THE FAMILY & FOSTER CARE COALITION INTO HOT GOODWILL, SUPPORT NEW NONPROFIT NEWSROOM, SUPPORT CAPITAL CAMPAIGN AT NEW CENTER OF HOPE, SUPPORT THE SALARY FOR A NEW DEVELOPMENT DIRECTOR AT UNITED WAY, PROVIDE RACE EQUITY EDUCATION AND PROVIDE FUNDING TO BUILD A HABITAT HOME.

    Expenses $1,546,011 · Grants $1,325,990

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $221,526 · Grants $190,000

  • THREE MORE FOCUS AREAS FOR THE FOUNDATION ARE EDUCATION, HEALTH, AND SENIOR CITIZENS. DURINGTHE FISCAL YEAR, THE FOUNDATION MADE GRANTS FOR THE FOLLOWING PURPOSES: MEMBERSHIP RENEWAL TO PHILANTHROPY ADVOCATES, SUPPORT INFRASTRUCTURE COSTS, PROVIDE NEW BANK UNIFORMS, HIRE A NONPROFIT CONSULTANT, SUPPORT CASE MANAGEMENT SERVICES, PROVIDE PATIENTS WITH NO- OR LOW-COST REPRODUCTIVE HEALTHCARE, REPAIR WALK-IN REFRIGERATOR AND RENOVATE THE KITCHEN FACILITY.

    Expenses $688,203 · Grants $590,261

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Dr Roland Goertz

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1.5

  • David Lacy

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Sharon Shields

    SECRETARY-TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Dale Fisseler

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1.5

  • Michael Morrison

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1.5

  • Virginia Dupuy

    TRUSTEE EMERITUS

    Total calculated
    $0
    Hours/week
    1.5

  • William Nesbitt

    TRUSTEE EMERITUS

    Total calculated
    $0
    Hours/week
    1.5

  • Reverend Leslie King

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1.5

  • Joseph W Nesbitt

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1.5

  • Felicia Chase Goodman

    EXECUTIVE DIRECTOR

    Total calculated
    $155,609
    From this org
    $155,609
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,609
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $155,609

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
21 November 2025
IRS schema version
2024v5.2
Source object
202610219349301151

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